Bitget launches $300 million "Project Archimedes" to provide dedicated funding support for quantitative and asset management institutions

Odaily News: Bitget has announced the launch of "Project Archimedes," establishing a dedicated fund totaling $300 million to provide capital support for quantitative trading firms, asset management institutions, and market makers. The program comprises two sub-initiatives: a $100 million "Capital Support Program" focused on supporting emerging and growth-stage quantitative firms employing market-neutral strategies; and a $200 million "Interest-Free Lending Program" targeting institutions with mature strategies and a certain trading scale, where eligible institutions meeting specific trading volume or position standards can obtain interest-free capital to reduce financing costs and scale up their strategies.

Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors in whether strategies can achieve scale. Through capital support, Project Archimedes aims to help teams with proven capabilities expand their strategy scale, with an expected target of supporting over 50 projects within the next six months. Additionally, leveraging Bitget's Unified Trading Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining both tokenized stock exposure and futures strategies simultaneously without cross-account transfers, further enhancing capital efficiency.

Project Archimedes will adopt a long-term collaboration framework featuring rolling admissions and phased deployment, with periodic disclosures on the number of participating institutions, capital deployment scale, and strategy distribution in the future.